Borrowing

The Senate has approved President Bola Tinubu’s request to borrow $ 7.8 billion and €100 million as part of the 2022 – 2024 borrowing plan of the Federal Government. The request was approved after the Senate considered and adopted the…
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President Muhammadu Buhari has written to the House of Representatives seeking an increase in the 2022 budget deficit to be financed through borrowing from the domestic market. Buhari said this in a letter read by Speaker Femi…
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By Abdul Isah. The Chairman Senate Committee on Appropriations, Barau Jibrin has defended Federal Government’s plan to fund a considerable part of the country's 2022 budget by borrowing close to 6 trillion naira from external sources.…
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It is not the intention of this article to go into the merits of the mathematics behind the wisdom of borrowing by the Buhari administration to finance the budget, far from that. In fact, the writer is a fatal failure in Maths. The…
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Socio-Economic Rights and Accountability Project (SERAP) has urged the Senate President Dr. Ahmad Lawan, and Speaker of House of Representatives Mr. Femi Gbajabiamila to reject the fresh request by President Muhammadu Buhari to borrow $4…
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Former Emir of Kano, Muhammadu Sanusi II, warned against reckless borrowing, saying the debt would be a burden to the coming generation. Mr Sanusi stated this at the unveiling of his book ‘For the Good of The Nation,’ on Tuesday in…
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The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed has said the $3bn loan being sought by the Federal Government from the World Bank would be deployed for reforms in the power sector. She said this during an…
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